Early afternoon Milan moves weakly, around parity, awaiting the US macro data. The other European markets are also cautious, traveling in positive territory: London +0,05%, Paris +0,23% and Frankfurt +0,46%.
After yesterday's good US macro data, markets are eyeing May industrial production and the University of Michigan sentiment index for economic activity for June. At 17 the president of the IMF, Christine Lagarde, will then speak. In the Eurozone, Eurostat confirmed inflation in May up to 1,4%, after 1,2% in April. In the EU it rises to 1,6%, in Italy it is stable at 1,3%. The strongest upward impact is due to fruit and vegetables (+0,11), electricity (+0,09%).
Lo BTP-Bund spread travels down to 274 basis points. The Milanese list is weighed down by Ansaldo Sts, which loses over 3%, by A2A -2,28% pending possible changes to governance, such as farewell to the dual system. The banks are also negative: Bper -2%Banco Popolare -1,65% Ubi -1,59% Unicredit -0,25% Understanding -0,30%. Mps Bank slips into negative territory (-0,4%) after a sprint start over 4% on the expectation of theelimination of the 4% private shareholder voting ceiling. The Sienese institute has summoned the members to a meeting on July 18 to propose the abolition.
Featured on the Ftse Mib Gtech (+ 3,51%). Pirelli +2,34% on the back of a good performance of the sub-fund's securities in Europe, Rest+ 2,14% Ferragamo +1,27%. On the rest of the list Rcs it collapses by 7,6% in the aftermath of the Board of Directors that it has set the price of the capital increase starting on Monday with a 30% discount on the theoretical ex-rights price.
